Merrill Lynch: South insurance funds not hot stocks of large blue chip funds to miss column thousands thousands of stocks the latest Rating Rating diagnosis simulation trading client Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina Hong Kong stocks launched "Hong Kong stocks are not attractive" big discussion, with a rational and constructive attitude, welcome to pay attention to Hong Kong stocks, people concerned about the capital market, together with Hong Kong stocks for advice and suggestions, and conspiracy of Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Merrill Lynch reported that the China Insurance Regulatory Commission announced yesterday that the insurance fund could be invested in Hong Kong and Hong Kong stocks through Hong Kong and Shanghai. The bank believed that the policy was beneficial to the insurance industry, and expected that the funds would tend to invest in Hong Kong stocks with low beta value, blue chips and high dividend yield. Merrill Lynch said that the new measures allow insurance companies to invest directly in Hong Kong stocks and no limit, and is expected to increase the South capital, especially from the past does not meet the QDII qualification of small and medium-sized insurance companies. The bank believes that the direct investment in Hong Kong stocks can avoid the third party brokers to provide a basket of Hong Kong stocks bundled investment, so the insurance company down south investment costs. With the exchange rate of the Hong Kong dollar linked to the dollar, Merrill Lynch expects China’s insurance companies to regard South investment as an exchange rate hedge, and to transfer more assets to a stronger exchange rate. Merrill Lynch quoted investment team said the insurance company, tend to invest in low beta value of the blue chips, such as AIA (01299), Tencent (00700) and HSBC (00005), because not familiar with Hong Kong stocks, so do not tend to high volatility in stock. In addition, Merrill Lynch believes that when the asset allocation adjustment takes place, the insurance companies should continue to increase investment in Hong Kong stocks with high dividend yield, in order to cope with the accounting rules change in the future. CIRC 15% insurance companies set the upper limit on the Chinese overseas assets, the current overseas investment insurance companies accounted for only 2%, of which 1% for overseas stock, 1% is the property or fixed income, Merrill Lynch expects the insurance company in the whole stock market the most ideal asset allocation should be 10% to 15%, 3% to 5% of overseas stock 10% to 12% local stocks. Merrill Lynch pointed out that China’s insurance company assets of about 12 trillion yuan, an increase of 1%, South capital means equivalent to 120 billion yuan, the funds will flow into Hongkong. Enter Sina Financial shares] discussion